Deputy Head of AFC & Compliance Luxembourg (Director)
Deutsche Bank · Luxembourg · 11d ago
Job Description:
Employer: DWS Group
Title: Deputy Head of AFC & Compliance Luxembourg (Director)
Location: Luxembourg
About DWS:
Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.
Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.
We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow.
As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.
This is your chance to invest in your future.
Team / division overview
The Deputy Head of AFC & Compliance Luxembourg supports the Head of AFC & Compliance Luxembourg in providing independent second-line oversight and advisory services across DWS' Luxembourg platform, including one of the largest Management Companies in Luxembourg.
The role helps ensure that Anti-Financial Crime and Compliance risks are appropriately identified, assessed, governed, reported and remediated in line with Luxembourg, European and DWS internal requirements.
The position is fully integrated into the global DWS AFC & Compliance organisation and acts as a senior local point of contact for regulators, senior management, boards and internal governance bodies regarding AFC and Compliance matters.
Your responsibilities:
As our Deputy Head of AFC & Compliance, you will:
AFC & Compliance Framework
Support the Head of AFC & Compliance Luxembourg in leading and overseeing the local AFC & Compliance function for DWS regulated entities in Luxembourg.
Act as deputy and senior representative of the function in local governance forums, management committees and board-level interactions, as appropriate.
Take on regulated AML-related appointments for Luxembourg investment funds (Fund MLRO) and potentially other regulated entities, including responsibilities associated with applicable Luxembourg AML governance roles, and ensure effective oversight of delegated AML activities where applicable.
Ensure effective local implementation and ongoing enhancement of the DWS AFC & Compliance Framework.
Promote a strong culture of integrity, conduct, compliance and risk awareness across business and infrastructure functions.
Advisory & Business Partnership
Provide proactive AFC & Compliance advice and challenge to senior management, business units and infrastructure functions on regulatory and compliance matters.
Advise on conflicts of interest, market conduct, cross-border business, marketing and client communications, outsourcing, delegation and oversight arrangements, data handling, conduct risk and emerging regulatory topics.
Support strategic and transformational business initiatives, including product, distribution, technology, outsourcing and operational change programmes.
Act as AFC & Compliance representative in governance forums, business committees and project steering groups where senior second-line input is required.
Act as Compliance and AFC representative in board meetings, governance forums, business committees and project steering groups.
Compliance Risk Management & Monitoring
Lead and coordinate Compliance and AFC risk assessments for Luxembourg entities and activities within the DWS Compliance Risk Assessment framework.
Assess inherent risks, control effectiveness and residual risk profiles and ensure appropriate documentation and governance.
Oversee second-line monitoring and testing activities covering applicable Compliance and AFC risk areas.
Review findings, root causes and remediation plans and monitor timely implementation of corrective actions.
Ensure appropriate and timely reporting to local and global governance bodies.
Anti-Financial Crime
Oversee and coordinate local implementation of DWS Anti-Financial Crime requirements, including AML, Counter Terrorist Financing, Sanctions, Anti-Bribery & Corruption, Fraud Prevention and Whistleblowing frameworks.
Provide senior AFC advice, challenge and oversight regarding financial crime risks, associated controls and remediation activities.
Support AFC risk assessments, thematic reviews, audits and regulatory requests where required.
Coordinate AFC-related reporting, interactions and remediation activities with local, regional and global stakeholders.
Governance & Regulatory Engagement
Act as a senior AFC & Compliance contact for Luxembourg regulators and support regulatory inspections, requests and thematic reviews.
Prepare and contribute to board, management and committee reporting for local governance forums and regulated entities.
Escalate material AFC & Compliance risks, incidents and regulatory matters appropriately within the DWS governance framework.
Support the development and maintenance of local policies, procedures and governance documentation.
People Leadership, Training & Awareness
Support day-to-day leadership, prioritisation and development of the Luxembourg AFC & Compliance team.
Provide guidance and coaching to team members on complex advisory, monitoring, governance and regulatory matters.
Deliver AFC & Compliance training and awareness initiatives to employees and management.
Support a strong compliance culture through communication, engagement and targeted guidance.
We are looking for:
University degree in Law, Economics, Business Administration, Finance or a related discipline; relevant professional qualifications would be an advantage.
Significant professional experience, typically 10+ years, within Compliance, Anti-Financial Crime, Legal, Risk or other control functions in the financial services industry.
Strong knowledge of Luxembourg and European financial services regulation applicable to asset managers, Management Companies and investment fund activities.
Experience interacting with regulators, auditors, senior management, boards and governance committees.
Sound understanding of Asset Management, Distribution, Alternatives, Technology & Operations and supporting control frameworks.
Proven ability to lead, influence and challenge senior stakeholders while maintaining constructive business partnership.
Excellent analytical, problem-solving, stakeholder management, communication and presentation skills.
Fluent English. German, French or Luxembourgish would be an advantage.
Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
What we’ll offer you:
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.
DWS’ Hybrid Working model is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Each business group varies on the split between time spent in the office and at home, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.
If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you
We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.